Where Are They Now: Dustin Woolf Back in Poker But Not as Player
Table Of Contents
Few players have endured the poker roller coaster to the degree of Dustin "neverwin" Woolf.
He's won hundreds of thousands of dollars in a single night, suffered through a superuser scandal, busted monstrous rolls, played the biggest games and eventually walked away burnt out and ready to leave the game for good.
But, there's something to remember about roller coasters: they always bring you back to where you got on the ride. And while Woolf hasn't exactly come full circle poker, he is making a return to the game in a different capacity.
Reaching the Pinnacle
They might not be as glamorous as the $500/$1,000 no-limit hold'em pots that reached high six figures in the Full Tilt Poker glory days or on modern-day GGPoker, but the limit hold'em streets of yesteryear still offered the potential for huge profit.
And profit Woolf did. Playing $100/$200 — the highest stakes offered online back circa 2004 — he ran up a massive bankroll with a hyper-aggressive style that caught his opponents off-guard.
Sometime opponent Todd Witteles called him "one of the first players (if not the first) to win a million dollars online in a short period of time." Woolf now calls Witteles a friend, but they exchanged tens of thousands of dollars in grueling heads-up matches.
Woolf wasn't afraid to put that money back in play after he ran it up.
"I was playing the highest limit games live at the Commerce, mostly $400/$800 limit hold'em," he says now. "But I have played as high as $2K/$4K, and played as high as $1K/$2K in badugi and 2-7 lowball. Online, I pretty much sat in the highest limit hold'em games usually looking for heads-up action anywhere from $300/$600 to $1K/$2K."
Even downswings could be erased seemingly effortlessly. Woolf says one of his greatest stories is the time he ran up a roll from $50 to six figures.
"I was on Ultimate Bet and I had just played a 36-hour session and lost somewhere close to $140,000 playing $300/$600 hold'em," he says. "I was searching all my online accounts for any money to keep on playing. My buddy of mine told me to go to bed and refused to transfer me any money.
"Literally falling asleep, I ended up finding $50 in my Full Tilt account. Refusing to go to bed, I jumped in $5/$10 heads up until I had the minimum buy-in for the next biggest stakes. I was playing $300/$600 within six hours and then I jumped in some PLO action. In 12 hours I was sitting with just over $450,000 in my account."
"I Don't Think There Was Anyone Who Played Worse"
There wouldn't be much a story to this if Woolf just crushed the games until he had a comfortable nest egg and rode off quietly into the sunset. So, of course, there was another side to his ultra-aggressive approach to poker both in play style and bankroll management.
"I've always said, I was one of the best at reading other people's tendencies, betting patterns, clicking tells, and emotional state just by playing online and listening to them chat or just watching behavioral actions," he says. "My biggest nemesis at the tables was my own mind and discipline. If you talked to people who really knew me, or watched me over the years, I suspect that most would tell you this: when I was playing my A-game, especially heads-up limit holdem, I don't think there was anyone who could beat me. But when I was off my game, I don't think there was anyone who played worse than me.
"I literally gave away $100,000s by mashing the raise button for hours on every hand I was dealt online, and live. I would cold cap every hand blind for 24 hours straight. I have so many crazy maniac stories, we would be here for days if I told you them all."
Eventually, the unrepentant blasting took its toll. And it wasn't the only factor.
Woolf was among the players who sued UB alleging that a chunk of $20 million in cheat-aided winnings came from his account. He held real estate at the time of the 2008 market crash that lost heaps of value. He says he also had personal difficulties, including an encounter with a pitbull that resulted in serious physical harm.
By the time Black Friday hit, Woolf says he was "banged up mentally, physically and financially." Once up an estimated $4-$5 million, a burned out and battered Woolf walked away, something he calls not even a decision by that point.
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Crypto and then Back to Poker
Woolf became acquainted with Bryan Micon during his star run and the two created NeverwinPoker together, a site that was eventually sold to PokerNews.
That association bore fruit for Woolf when Micon became an early adopter of cryptocurrency. Woolf tailed his friend and bought a pile of bitcoin at $70, according to his Facebook, which would have corresponded to its early 2013 value.
His newfound interest swelled in value and Woolf took things a step further, starting a bitcoin escrow company that he says did over 10,000 transactions and acquired more than $10 million worth of the cryptocurrency.
While that venture found success, 2018 brought another downturn with the massive market crash as bitcoin went from $20,000 in value to around $3,000 before the year ended. That alone would have been bad enough for Woolf's finances, but he also had a hand in launching a cryptocurrency hedge fund that would up getting rolling at the market's peak.
"Needless to say, couldn't have been worse timing," he says now.
It's clear he still believes in crypto.
"Time to build a decentralized world that’s completely automated and strives to destroy corruption and end the reign of the banks," his Facebook still says.
But the financial downturn has resulted in a return to his previous love. Only this time, he'll no longer be sitting at the felt risking hundreds of thousands of dollars.
Instead, he'll be wearing a suit. Partnering with 2007 WPT champ and Turks and Caicos native Rhynie Campbell, Woolf will head down to the island destination and open a poker room, where Woolf will "run the show."
Perhaps it's time for a stable income and the occasional jaunt to the beach. Woolf says he has "zero regrets" about his poker career, and whatever the next chapter holds, it seems certain to bring less stress after a lifetime of swings.
In this Series
- 1 Where Are They Now?: The 2003 WSOP Main Event Final Table
- 2 Where Are They Now?: The 1989 WSOP Main Event Final Table
- 3 Where Are They Now?: The 2002 WSOP Main Event Final Table
- 4 Where Are They Now: 2007 World Series of Poker Main Event Final Tablist, Phillip Hilm
- 5 Where Are They Now: 2006 World Series of Poker Main Event Final Tablist, Rhett Butler
- 6 Where Are They Now: 2003 WSOP Main Event Final Tablist, Tomer Benvenisti
- 7 Where Are They Now: 2005 WSOP Main Event Final Tablist, Steve Dannenmann
- 8 Where Are They Now: 2009 WSOP Main Event Final Tablist, Kevin Schaffel
- 9 Where Are They Now: 2006 WSOP Main Event Final Tablist, Dan Nassif
- 10 Where Are They Now: 2005 WSOP Main Event Final Tablist, Aaron Kanter
- 11 Where Are They Now: 2007 PCA Champion, Ryan Daut
- 12 Where Are They Now: 2003 Aussie Millions Champion Peter Costa
- 13 Where Are They Now: 2007 World Series of Poker Main Event Final Tablist, Raymond Rahme
- 14 Where Are They Now: Eric Crain
- 15 Where Are They Now: WPT Season 1 Stars Ron Rose & Chris Bigler
- 16 Where Are They Now: WPT Season V Borgata Poker Open Champ Mark Newhouse
- 17 Where Are They Now: WPT Season II Borgata Poker Open Champ Noli Francisco
- 18 Where Are They Now: WPT Season IX Foxwoods Poker Finals Champion Jeff Forrest
- 19 Where Are They Now: Adam Friedman
- 20 Off The Felt With Nadya Magnus: Where Are They Now?
- 21 Where Are They Now: Don Zewin, the Man Who Finished Third to Hellmuth & Chan in 1989
- 22 Where Are They Now: 1981 World Series of Poker Main Event Runner-Up Perry Green
- 23 Where Are They Now: 2007 World Series of Poker Main Event Finalist Lee Childs
- 24 Where Are They Now: 2008 World Series of Poker Main Event Bad Beat Victim Paul Snead
- 25 Where Are They Now: 2007 World Series of Poker Player of the Year Tom Schneider
- 26 Where Are They Now? Harrah's New Orleans Poker Dealer Darrell Guillory
- 27 Where Are They Now: Former Team PokerStars Pro Pat Pezzin
- 28 Where Are They Now: 2007 WSOP Main Event Fifth-Place Finisher Jon Kalmar
- 29 Where Are They Now: The Nine Past EPT Barcelona Champions
- 30 Where Are They Now: EPT Season 1 Barcelona Champ Alexander Stevic
- 31 Where Are They Now: 2006 WSOP Main Event 12th-Place Finisher John Magill
- 32 Where Are They Now: The Past Nine EPT London Champions
- 33 Where Are They Now: EPT6 London Champ Aaron Gustavson
- 34 Where Are They Now: EPT4 Baden Champ Julian Thew
- 35 Where Are They Now: Past EPT Prague Champions
- 36 Where Are They Now: 2011 WSOP Main Event Champ Pius Heinz
- 37 Where Are They Now: 2007 World Series of Poker Runner-Up Tuan Lam
- 38 Where Are They Now: Stan Schrier Reflects on Historic 2001 WSOP Final Table
- 39 Where Are They Now: Bracelet Winner Matt Hawrilenko Temporarily Comes Out of "Retirement"
- 40 Where Are They Now: Battling Multiple Sclerosis, Paul Darden Returns to WSOP Felt
- 41 Where Are They Now? Mike Gracz Returns To Poker After Three Years To Lead Event #31
- 42 Where Are They Now: 2004 Poker Boom Breakout Gabriel Thaler
- 43 Where Are They Now: "Minneapolis" Jim Meehan Pretty Much Out of Poker
- 44 Where Are They Now: Poker's Good Guy, a Survivor, and a Rogue
- 45 Where Are They Now: 2006 WSOP Stud Dmitri Nobles
- 46 Where Are They Now: Esther Rossi’s 7-Card Stud Journey
- 47 Where Are They Now: 2007 WSOP & WPT Champ Bill Edler
- 48 Where Are They Now: Fabian Quoss Announces His Exit from Poker
- 49 Where Are They Now: Jon Aguiar Fondly Remembers Tilting Brandon Cantu
- 50 Where Are They Now: Family & Business First for Adrienne “TalonChick” Rowsome
- 51 Where Are They Now: Xuan Liu Swaps Poker Passion for eSports
- 52 Where Are They Now: Alan Boston Offended to Return to WSOP After Long Hiatus
- 53 Where Are They Now: An 'The Boss' Tran Fighting Curse from Selling Bracelet
- 54 Where Are They Now: 1996 WSOP Chinese Poker Bracelet Winner Gregg Grivas
- 55 Where Are They Now: Ali Eslami Returns to WSOP After Five-Year Hiatus
- 56 Where Are They Now: Former EPT Champ Sander Lylloff Competing in Biggest Backgammon Duel in History
- 57 Where Are They Now: Dustin Woolf Back in Poker But Not as Player